Small Business Loan info

UPDATE APR 27,2020

The Paycheck Protection Program provides loan amounts up to 250 percent of an employer’s monthly payroll expenses. These loans are forgivable if at least 75% of the loan is spent on payroll. The intent is to help employers stay afloat and keep their employees paid and employed through this crisis.
Before the initial round of funding for the PP was exhausted, nearly 17,000 businesses across Maine were approved for more than $2.2 billion in loans. They literally are a lifeline for employers across Maine and the country.
PPP loans are considered on a first-come, first-served basis, so it is important to contact your lender right away. A list of approved Maine lenders can be found here.
SBA also will resume processing EIDL Loan and Advance applications that are already in the queue. Those will be processed on a first-come, first-served basis, as well.
To learn more about the relief options available for your business, click here.
Please let us know if you have questions or would like more information. We are here to help you, our members, now more than ever.
Mid-Maine Chamber of Commerce
Kim Lindlof, President & CEO,
Patricia Michaud, Office Manager,
Cindy Stevens, Programs Director,
Courtney Squire, Marketing & Development Coordinator,



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